The SEC has completed a multi-year investigation into Ondo Finance and has not filed any charges. The Commission examined whether the tokenized bonds of the USA and the ONDO token comply with legal requirements.
Against the backdrop of the increasing prominence of the topic of tokenization of stocks in the SEC agenda, this decision opens the way for Ondo to expand its activities nationwide.
The SEC closed the case against Ondo without unnecessary noise
The U.S. Securities and Exchange Commission continues to change its approach to regulation. It has been reported that the SEC closed its investigation into Ondo Finance, a company working with asset tokenization.
Although the information appeared in the media on Monday, the decision itself was made back at the end of last month. According to sources, the investigation began in October 2023 under the previous SEC chair Gary Gensler. At that time, the commission was checking whether the company was complying with securities laws.
Now, under the leadership of Paul Atkins, the SEC is shifting towards a more lenient approach to the crypto sector. The closure of the Ondo case has become part of a large-scale correction of the previous line. The commission has already dropped cases against Coinbase, Ripple, and Kraken. Ondo is now also on this list.
This step shows the growing interest of institutional players in asset tokenization and hints that the market may gain more room for development.
Interest in tokenization is growing in Washington
Regulators had recently viewed stock tokenization with caution. Now it is already directly on the SEC's agenda.
Last week, the Investor Protection Committee held a panel discussion on how distributed ledger technologies can change the issuance and trading of public shares. This shows that the commission is increasingly looking at new tools not only through the prism of sanctions.
Regulatory interest coincides with what is happening in the market. Tokenized bonds in the U.S. have become one of the most prominent classes of on-chain assets. At the same time, the first products with tokenized shares are emerging, which investors from different countries are already eyeing.
Ondo is one of the first companies in this sector. The closure of the SEC investigation reduces regulatory risks for it and gives a clearer signal to other players working with the tokenization of real assets.
In its blog, the company wrote that it can now continue to expand its business in the U.S. This is also facilitated by the acquisition of Oasis Pro, a broker and operator of an alternative trading platform.
Ondo is also preparing for the annual Ondo Summit in New York in February. At the summit, the company plans to present new tools and products related to the tokenization of real assets.
